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M&A Deal Summary

TPG Acquires Nexeo Solutions

On March 31, 2011, private equity firm TPG acquired distribution company Nexeo Solutions from Ashland for 979M USD

Acquisition Highlights
  • This is TPG’s 2nd transaction in the Distribution sector.
  • This is TPG’s 71st largest (disclosed) transaction.
  • This is TPG’s 118th transaction in the United States.
  • This is TPG’s 18th transaction in Texas.
Investment Fate
  • Nexeo Solutions merged with another company in 2016 for 1.6B USD.

M&A Deal Summary
Date 2011-03-31
Target Nexeo Solutions
Sector Distribution
Buyer(s) TPG
Sellers(s) Ashland
Deal Type Divestiture
Deal Value 979M USD

Target

Nexeo Solutions

The Woodlands, Texas, United States
Nexeo Solutions LLC is a chemical, plastics and composites distributor with a centralized business model. Operating in over 70 countries worldwide, Nexeo offers over 27,000 products used in a broad cross section of industries, including construction, chemicals manufacturing, energy, paints and coatings, automotive, healthcare, marine, and personal care.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 174 of 423
Sector (Distribution) 2 of 4
Type (Divestiture) 19 of 35
State (Texas) 18 of 34
Country (United States) 118 of 277
Year (2011) 6 of 20
Size (of disclosed) 71 of 106
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-16 Alinta Energy

Sydney, Australia

Alinta Energy is an Australian energy company with interests in power station assets that are diversified by geographic region, fuel type, customers, and operating mode. Alinta Energy is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-05 Resource Label Group

Franklin, Tennessee, United States

Resource Label Group is a full-service label company providing custom label design and printing for a wide range of industries. In addition to complete label printing capabilities, our label company offers specialty label customizations. Resource Label Group was established in 1996 and is based in Franklin, Tennessee.

Buy -

Seller(S) 1

SELLER

Ashland

Wilmington, Delaware, United States
Category Company
Founded 1924
Sector Chemicals
Employees3,200
Revenue 2.1B USD (2024)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 4 of 15
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 13
State (Texas) 1 of 2
Country (United States) 4 of 15
Year (2011) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-28 Pinova

Brunswick, Georgia, United States

Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-23 International Specialty Products

Wayne, New Jersey, United States

International Specialty Products Inc. (ISP) is a global supplier of specialty chemicals and performance-enhancing products for a wide variety of consumer and industrial markets including personal care, pharmaceuticals, beverage, home care, coatings & adhesives, energy, agriculture, plastics, tires and others. Through its network of manufacturing sites, ISP produces more than 500 specialty chemicals, which it markets and sells worldwide. ISP has more that 275 scientists worldwide including global research centers in Wayne, New Jersey; Sofia Antipolis, France; Bradford, UK; Hyderabad, India and Shanghai, China.

Buy $3.2B
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